By America Hernandez and Alex Lawler, Reuters
Photo: THIBAUD MORITZ / AFP
The International Energy Agency has agreed to release 400 million barrels of oil, the largest such move in its history, to try to rein in crude prices which have soared due to supply shocks from the US-Israeli war with Iran.
The IEA said the release had been backed unanimously by 32 member countries, the sixth such move it has made since its creation in the 1970s.
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